PepsiCo offers to buy bottlers for $6 billion | business | Hindustan Times
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PepsiCo offers to buy bottlers for $6 billion

business Updated: Apr 20, 2009 21:19 IST
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PepsiCo, in an effort to reshape the way it delivers its beverages, is offering to acquire its two largest bottlers for $6 billion.

The beverage maker is offering both companies cash and stock worth 17 per cent more than each stock's closing price on Friday for the shares it doesn't already own. That equates to $29.50 per for share for the Pepsi Bottling Group and $23.27 per share for PepsiAmericas.

Pepsi currently owns 33 per cent of Pepsi Bottling group and 43 per cent of PepsiAmericas.

Pepsi expects the deal to help earnings by 15 cents per share. Both bottlers are evaluating the offer.

Separately, PepsiCo said profit fell 1 per cent to $1.14 billion, or 72 cents per share, above the 67 cents per share analysts predicted. Revenue fell nearly 1 per cent to $8.26 billion, while analysts expected $8.28 billion.